Noranda enters long-term contract with Century Aluminum
Noranda Alumina today announced that it has entered into a long-term contract with Century Aluminum to provide it with smelter grade alumina for its smelters in Hawesville and Sebree, Kentucky.
David D'Addario, the chairman and chief executive officer of Noranda and managing partner of DADA Holdings, said this is an important development.
In late 2016, the partners of DADA acquired the alumina refining and Jamaican bauxite mining assets formerly owned by Noranda Inc.
The long-term contract will provide the smelters with substantially all of their alumina requirements.
The DADA management group said one of its first priorities when it acquired the Noranda assets was to find a stable, long-term outlet for a substantial portion of its alumina production.
It says it believes this contract provides a solid base from which the company can continue to expand its alumina refining business.
DADA Holdings is an investment and management company based in Fort Lauderdale, Florida.